Russel Metals (TSE:RUS) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Russel Metals Inc. (TSE:RUS) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$41.39 and traded as high as C$41.61. Russel Metals shares last traded at C$41.55, with a volume of 92,092 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on RUS shares. Stifel Nicolaus cut their price objective on shares of Russel Metals from C$54.50 to C$49.00 and set a “buy” rating on the stock in a report on Monday, August 11th. TD Securities cut their price objective on shares of Russel Metals from C$52.00 to C$50.00 and set a “buy” rating on the stock in a report on Monday, August 11th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$52.20.

Russel Metals Price Performance

The company’s 50-day moving average price is C$43.08 and its 200-day moving average price is C$41.39. The company has a debt-to-equity ratio of 20.28, a current ratio of 3.37 and a quick ratio of 1.44. The company has a market cap of C$2.33 billion, a P/E ratio of 14.38, a P/E/G ratio of 0.59 and a beta of 1.26.

Russel Metals Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 15th will be paid a $0.43 dividend. The ex-dividend date is Thursday, August 28th. This represents a $1.72 dividend on an annualized basis and a yield of 4.1%. Russel Metals’s dividend payout ratio (DPR) is currently 58.48%.

Russel Metals Company Profile

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.